PETONE - PUBLIC REPRIMAND ON PETROL ONE RESOURCES BERHAD
Announcement Type: Listing Circular
Company Name: PETROL ONE RESOURCES BERHAD
Stock Name: PETONE
Date Announced: 19/01/2011
Announcement Detail:
Subject: PUBLIC REPRIMAND ON PETROL ONE RESOURCES BERHAD
Contents: Breach of Paragraph 9.23(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Main Market LR")
1. Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands Petrol One Resources Berhad (formerly known as Changhuat Corporation Berhad) ("PETONE" or "the Company") for breach of paragraph 9.23(2) of the Main Market LR.
2. Paragraph 9.23(2) of the Main Market LR stipulates that a listed issuer must announce to Bursa Securities its annual audited financial statements together with the auditors' and directors' reports within a period of not more than 4 months from the close of the financial year of the listed issuer unless the annual report is issued within a period of 4 months from the close of the financial year of the listed issuer.
3. PETONE had breached paragraph 9.23(2) of the Main Market LR for failing to submit the Company's annual audited accounts for the financial year ended 30 June 2010 ("AAA 2010") on or before 31 October 2010. The Company only submitted the AAA 2010 on 8 November 2010 after a delay of 5 market days.
PETONE's explanation that the delay in the submission of the AAA 2010 was due to the change in auditors for all the Company's subsidiaries is unacceptable and does not absolve the Company's obligation to ensure timely submission of financial statements particularly in view that PETONE had obtained the necessary clearance letters from the Company's former auditors for purposes of the change of auditors on 16 August 2010 i.e. prior to the AAA 2010 submission deadline on 31 October 2010.
4. The above penalty on PETONE is imposed pursuant to paragraph 16.19(1) of the Main Market LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including the fact that PETONE had previously breached the listing requirements.
5. Bursa Securities views the above contravention seriously and reminds PETONE and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to its shareholders and the investing public. In this respect, the Company and its directors are required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the listing requirements at all times.
6. Whilst Bursa Securities has not made a finding that any of the directors of the Company caused or permitted the aforesaid breach by the Company, Bursa Securities nevertheless wishes to highlight that it is the responsibility of directors of listed companies to maintain appropriate standards of responsibility and accountability within the Company and amongst its officers and employees including, amongst others, an awareness of the importance of compliance with the Main Market LR. The Board of Directors of the Company at the material time is as follows:-
Lim Lai Huat
Seah Cheoh Wah
Cheah Teik Hoe
Lee Wei Hong
Mohamad Reezal Bin Siddiq
Mohamed Ridzuan Bin Nor Mohamed
Raja Halinuddin Bin Raja Halid
Koh Say Kok
Lim Kian Boon
Company Name: PETROL ONE RESOURCES BERHAD
Stock Name: PETONE
Date Announced: 19/01/2011
Announcement Detail:
Subject: PUBLIC REPRIMAND ON PETROL ONE RESOURCES BERHAD
Contents: Breach of Paragraph 9.23(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Main Market LR")
1. Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands Petrol One Resources Berhad (formerly known as Changhuat Corporation Berhad) ("PETONE" or "the Company") for breach of paragraph 9.23(2) of the Main Market LR.
2. Paragraph 9.23(2) of the Main Market LR stipulates that a listed issuer must announce to Bursa Securities its annual audited financial statements together with the auditors' and directors' reports within a period of not more than 4 months from the close of the financial year of the listed issuer unless the annual report is issued within a period of 4 months from the close of the financial year of the listed issuer.
3. PETONE had breached paragraph 9.23(2) of the Main Market LR for failing to submit the Company's annual audited accounts for the financial year ended 30 June 2010 ("AAA 2010") on or before 31 October 2010. The Company only submitted the AAA 2010 on 8 November 2010 after a delay of 5 market days.
PETONE's explanation that the delay in the submission of the AAA 2010 was due to the change in auditors for all the Company's subsidiaries is unacceptable and does not absolve the Company's obligation to ensure timely submission of financial statements particularly in view that PETONE had obtained the necessary clearance letters from the Company's former auditors for purposes of the change of auditors on 16 August 2010 i.e. prior to the AAA 2010 submission deadline on 31 October 2010.
4. The above penalty on PETONE is imposed pursuant to paragraph 16.19(1) of the Main Market LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including the fact that PETONE had previously breached the listing requirements.
5. Bursa Securities views the above contravention seriously and reminds PETONE and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to its shareholders and the investing public. In this respect, the Company and its directors are required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the listing requirements at all times.
6. Whilst Bursa Securities has not made a finding that any of the directors of the Company caused or permitted the aforesaid breach by the Company, Bursa Securities nevertheless wishes to highlight that it is the responsibility of directors of listed companies to maintain appropriate standards of responsibility and accountability within the Company and amongst its officers and employees including, amongst others, an awareness of the importance of compliance with the Main Market LR. The Board of Directors of the Company at the material time is as follows:-
Lim Lai Huat
Seah Cheoh Wah
Cheah Teik Hoe
Lee Wei Hong
Mohamad Reezal Bin Siddiq
Mohamed Ridzuan Bin Nor Mohamed
Raja Halinuddin Bin Raja Halid
Koh Say Kok
Lim Kian Boon
PETONE - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Company Name: PETROL ONE RESOURCES BERHAD
Stock Name: PETONE
Date Announced: 19/01/2011
Announcement Detail:
Date of change: 19/01/2011
Type of change: Appointment
Designation: Joint Secretary
License no.: MAICSA 7046106
Name: WONG YEN LEE
Working experience and occupation during past 5 years: Wong has more than 10 years working experience in corporate secretarial practice. She is an Associate Member of The Malaysian Institute of Chartered Secretaries and Administrators (MAICSA) and holds a Master's degree in Business Administration.
Company Name: PETROL ONE RESOURCES BERHAD
Stock Name: PETONE
Date Announced: 19/01/2011
Announcement Detail:
Date of change: 19/01/2011
Type of change: Appointment
Designation: Joint Secretary
License no.: MAICSA 7046106
Name: WONG YEN LEE
Working experience and occupation during past 5 years: Wong has more than 10 years working experience in corporate secretarial practice. She is an Associate Member of The Malaysian Institute of Chartered Secretaries and Administrators (MAICSA) and holds a Master's degree in Business Administration.
PHARMA - General Announcement
Announcement Type: General Announcement
Company Name: PHARMANIAGA BERHAD
Stock Name: PHARMA
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: PHARMANIAGA BERHAD ("PHARMANIAGA" OR "THE COMPANY") -
NON-COMPLIANCE WITH PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.02 (1) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: We refer to our announcement dated 22 December 2010 in relation to the non-compliance with public shareholding spread requirement pursuant to Paragraph 8.02 (1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Public Spread Requirement").
Our major shareholder, UEM Group Berhad ("UEM") is the registered and beneficial owner of 92,868,619 Pharmaniaga shares representing 86.81% of the total issued and paid-up ordinary share capital in Pharmaniaga. On 11 June 2010, UEM informed the Company that it had signed a conditional share sale and purchase agreement with Boustead Holdings Berhad ("BHB") with respect to the proposed acquisition by BHB of UEM's entire equity interest in Pharmaniaga ("Proposed Acquisition"). Pharmaniaga has issued an announcement following BHB's announcement of the Proposed Acquisition on 11 June 2010.
Based on BHB's announcement dated 11 June 2010, BHB intents to maintain the listing status of Pharmaniaga. In this respect, Pharmaniaga had on 24 December 2010 applied to Bursa Securities for an extension of time to rectify its Public Spread Requirement. Therefore, the Company wish to announce that Bursa Securities had through its letter dated 18 January 2011, granted a further extension of time of six (6) months from 29 December 2010 until 28 June 2011 for Pharmaniaga to comply with Public Spread Requirement.
As at 30 December 2010, Pharmaniaga's public shareholding spread stood at 13.06%.
This announcement is dated 19 January 2011.
Company Name: PHARMANIAGA BERHAD
Stock Name: PHARMA
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: PHARMANIAGA BERHAD ("PHARMANIAGA" OR "THE COMPANY") -
NON-COMPLIANCE WITH PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.02 (1) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: We refer to our announcement dated 22 December 2010 in relation to the non-compliance with public shareholding spread requirement pursuant to Paragraph 8.02 (1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Public Spread Requirement").
Our major shareholder, UEM Group Berhad ("UEM") is the registered and beneficial owner of 92,868,619 Pharmaniaga shares representing 86.81% of the total issued and paid-up ordinary share capital in Pharmaniaga. On 11 June 2010, UEM informed the Company that it had signed a conditional share sale and purchase agreement with Boustead Holdings Berhad ("BHB") with respect to the proposed acquisition by BHB of UEM's entire equity interest in Pharmaniaga ("Proposed Acquisition"). Pharmaniaga has issued an announcement following BHB's announcement of the Proposed Acquisition on 11 June 2010.
Based on BHB's announcement dated 11 June 2010, BHB intents to maintain the listing status of Pharmaniaga. In this respect, Pharmaniaga had on 24 December 2010 applied to Bursa Securities for an extension of time to rectify its Public Spread Requirement. Therefore, the Company wish to announce that Bursa Securities had through its letter dated 18 January 2011, granted a further extension of time of six (6) months from 29 December 2010 until 28 June 2011 for Pharmaniaga to comply with Public Spread Requirement.
As at 30 December 2010, Pharmaniaga's public shareholding spread stood at 13.06%.
This announcement is dated 19 January 2011.
QL - Dealing by Principal Officer of QL Resources Berhad
Announcement Type: General Announcement
Company Name: QL RESOURCES BERHAD
Stock Name: QL
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: Dealing by Principal Officer of QL Resources Berhad
Contents: Pursuant to Chapter 14 of the Main Market Listing Requirements, the following principal officer has transacted his shares as per table shown below.
Company Name: QL RESOURCES BERHAD
Stock Name: QL
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: Dealing by Principal Officer of QL Resources Berhad
Contents: Pursuant to Chapter 14 of the Main Market Listing Requirements, the following principal officer has transacted his shares as per table shown below.
SKPRES - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: SKP RESOURCES BHD
Stock Name: SKPRES
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: SKP RESOURCES BHD ("SKP" OR "THE COMPANY")
- PROPOSED DEALINGS IN SECURITIES DURING CLOSED PERIOD PURSUANT TO PARAGRAPH 14.08 OF THE BURSA MALAYSIA SECURITIES BERHAD'S ("BURSA SECURITIES") MAIN MARKET LISTING REQUIREMENTS
Contents: Pursuant to Paragraph 14.08 of the Bursa Securities' Main Market Listing Requirements on Dealing in Securities, SKP wishes to announce that the Company has received notifications from the following Directors in relation to their proposed dealings in securities of SKP during the closed period of SKP, and the details of their current shareholdings in SKP are tabulated as follows:-
Submitting Merchant Bank: -
Company Name: SKP RESOURCES BHD
Stock Name: SKPRES
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: SKP RESOURCES BHD ("SKP" OR "THE COMPANY")
- PROPOSED DEALINGS IN SECURITIES DURING CLOSED PERIOD PURSUANT TO PARAGRAPH 14.08 OF THE BURSA MALAYSIA SECURITIES BERHAD'S ("BURSA SECURITIES") MAIN MARKET LISTING REQUIREMENTS
Contents: Pursuant to Paragraph 14.08 of the Bursa Securities' Main Market Listing Requirements on Dealing in Securities, SKP wishes to announce that the Company has received notifications from the following Directors in relation to their proposed dealings in securities of SKP during the closed period of SKP, and the details of their current shareholdings in SKP are tabulated as follows:-
SUCCESS - General Announcement
Announcement Type: General Announcement
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: SUCCESS TRANSFORMER CORPORATION BERHAD
- DEALING IN SECURITIES BY DIRECTORS AND PRINCIPAL OFFICER DURING CLOSED PERIOD
Contents: In compliance with Paragraph 14.08 of Chapter 14 of the Listing Requirements of Bursa Malaysia Securities Berhad, Success Transformer Corporation Berhad ("the Company") wishes to announce that it has received notification from the following directors and principal officer of the Company of their intention to deal in securities of the Company during the closed period for the Company's upcoming announcement of the Fourth Quarterly Results ended 31 December 2010.
Please refer to the Table section for the name and current interest of the directors and principal officer of the Company.
This announcement is dated 19 January 2011.
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: SUCCESS TRANSFORMER CORPORATION BERHAD
- DEALING IN SECURITIES BY DIRECTORS AND PRINCIPAL OFFICER DURING CLOSED PERIOD
Contents: In compliance with Paragraph 14.08 of Chapter 14 of the Listing Requirements of Bursa Malaysia Securities Berhad, Success Transformer Corporation Berhad ("the Company") wishes to announce that it has received notification from the following directors and principal officer of the Company of their intention to deal in securities of the Company during the closed period for the Company's upcoming announcement of the Fourth Quarterly Results ended 31 December 2010.
Please refer to the Table section for the name and current interest of the directors and principal officer of the Company.
This announcement is dated 19 January 2011.
WATTA - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: WATTA HOLDING BERHAD
Stock Name: WATTA
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: WATTA HOLDING BERHAD ("THE COMPANY") - PROPOSED RENEWAL OF SHAREHOLDER MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF SHAREHOLDER MANDATE")
Contents: The Board of Directors of the Company wishes to announce that the Company intends to seek the approval of its shareholders for the Proposed Renewal of Shareholder Mandate at the forthcoming Sixteenth Annual General Meeting of the Company.
A circular to shareholders containing information on the Proposed Renewal of Shareholder Mandate will be issued to the shareholders of the Company in due course.
This announcement is dated 19 January 2011.
Submitting Merchant Bank: -
Company Name: WATTA HOLDING BERHAD
Stock Name: WATTA
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: WATTA HOLDING BERHAD ("THE COMPANY") - PROPOSED RENEWAL OF SHAREHOLDER MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF SHAREHOLDER MANDATE")
Contents: The Board of Directors of the Company wishes to announce that the Company intends to seek the approval of its shareholders for the Proposed Renewal of Shareholder Mandate at the forthcoming Sixteenth Annual General Meeting of the Company.
A circular to shareholders containing information on the Proposed Renewal of Shareholder Mandate will be issued to the shareholders of the Company in due course.
This announcement is dated 19 January 2011.
WATTA - WATTA HOLDING BERHAD ("THE COMPANY")- PROPOSED AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: WATTA HOLDING BERHAD
Stock Name: WATTA
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: WATTA HOLDING BERHAD ("THE COMPANY")- PROPOSED AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION
Contents: The Board of Directors of the Company wishes to announce that the Company intends to seek approval from its shareholders to amend the Company's Articles of Association ("Proposed Amendments") at the forthcoming Sixteenth Annual General Meeting of the Company.
The 2010 Annual Report containing the details of the Proposed Amendments will be despatched to shareholders in due course.
This announcement is dated 19 January 2011.
Submitting Merchant Bank: -
Company Name: WATTA HOLDING BERHAD
Stock Name: WATTA
Date Announced: 19/01/2011
Announcement Detail:
Type: Announcement
Subject: WATTA HOLDING BERHAD ("THE COMPANY")- PROPOSED AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION
Contents: The Board of Directors of the Company wishes to announce that the Company intends to seek approval from its shareholders to amend the Company's Articles of Association ("Proposed Amendments") at the forthcoming Sixteenth Annual General Meeting of the Company.
The 2010 Annual Report containing the details of the Proposed Amendments will be despatched to shareholders in due course.
This announcement is dated 19 January 2011.
SCNWOLF - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SCANWOLF CORPORATION BERHAD
Stock Name: SCNWOLF
Date Announced: 19/01/2011
Announcement Detail:
Date of buy back: 19/01/2011
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 4,000
Minimum price paid for each share purchased ($$): 0.405
Maximum price paid for each share purchased ($$): 0.405
Total consideration paid ($$): 1,662.49
Number of shares purchased retained in treasury (units): 4,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,298,400
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.62
Company Name: SCANWOLF CORPORATION BERHAD
Stock Name: SCNWOLF
Date Announced: 19/01/2011
Announcement Detail:
Date of buy back: 19/01/2011
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 4,000
Minimum price paid for each share purchased ($$): 0.405
Maximum price paid for each share purchased ($$): 0.405
Total consideration paid ($$): 1,662.49
Number of shares purchased retained in treasury (units): 4,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,298,400
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.62
DIALOG - DIALOG- EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: DIALOG GROUP BERHAD
Stock Name: DIALOG
Date Announced: 19/01/2011
Announcement Detail:
Subject: DIALOG- EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 1,225,560 new ordinary shares of RM0.10 each issued pursuant to the Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 24 January 2011.
Company Name: DIALOG GROUP BERHAD
Stock Name: DIALOG
Date Announced: 19/01/2011
Announcement Detail:
Subject: DIALOG- EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 1,225,560 new ordinary shares of RM0.10 each issued pursuant to the Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 24 January 2011.
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